The Contract of the Century laid the foundation for Azerbaijan’s successful energy policy, Head of the Department of Foreign Policy Affairs of the Azerbaijani Presidential Administration Hikmat Hajiyev told journalists at the seminar on the occasion of the signing of the “Contract of the Century”.

Despite the fact that Azerbaijan was rich in hydrocarbons, it did not receive the necessary benefits from this wealth. The “Contract of the Century” allowed Azerbaijan to benefit from its energy reserves. The contract of the century laid the foundation for Azerbaijan’s successful energy policy,” he said. According to him, this contract also served to ensure regional and global energy security.